Bunzl soars (Il Sole 24 Ore Radiocor) - London, 27 Aug - Shares in London closed higher, as investors returned to trading after the bank holiday. Following Federal Reserve chair Jerome Powell's confirmation that the US central bank will cut rates at its September meeting, traders are now looking ahead to AI-darling Nvidia's earnings slated for release tomorrow.

Energy and miners helped the blue-chip index outperform its European peers.

BP and Shell gained 0.66% at 432.15 pence and 0.18% at 2,725.00 pence, respectively amid heightened tensions in the Middle East.

While high copper prices boosted miners.

Anglo American rose 1.29% at 2,279.00 pence and Fresnillo added 0.27% at 554.50 pence.

Among individual stocks, Bunzl jumped 7.97% at 3,470.00 pence after the UK distribution and outsourcing group announced a share buyback and its first half results.

While JD Sports lost 4.12% at 143.10 pence, as investors took profit after a recent rally.

The London FTSE 100 closed up 0.21% at 8,345.46 points.

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(RADIOCOR) 27-08-24 18:21:04 (0473) 5 NNNN